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Read moreWhat happen to Matic Polygon?
MATIC, Polygon’s native token, spiked around 760% up in a four-week long surge, rising from $0.34 on 20 April 2021 to an all time-high of $2.68 on 18 May 2021 . Following its record high, MATIC plunged to $1.09 on 23 May, but soon rebounded on 26 May 2021, reaching $2.21.
Read moreWill Matic ever burn coins?
What does this mean for MATIC? MATIC has a fixed supply of 10 billion coins in network. Burning the coin would have a deflationary effect . But experts believe the deflationary pressure will benefit both validators and delegators, as rewards for processing transactions would be denominated in MATIC.16 Ara 2021
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